PSP Firmware 5.00 just hit the Network Update. We’ll have the download available for you shortly. Updating now… Stay tuned.

PSP Firmware 5.00 changes:

-The [PlayStation® Network] category has been added, and [PlayStation® Store] is now available under this category. -PlayStation® format software can now be output in interlace format on a connected device. -PlayStation® format software can now be output in full-screen size on a connected device. -The sleep timer feature can now be used under [Music]. -The system will automatically change to USB mode when a USB cable is connected. -The [Original] theme has been redesigned. -A new full-screen keyboard; press [Select] when the OSK is displayed.

--Update: My initial thoughts… Not bad, not bad at all. The redesign of the original theme is plain and simple; I dig it. The new on-screen/full-screen keyboard adds an extra layer of convenience. Direct access to the PlayStation Store and PSN Account Management is quite slick; packing the same look and feel as the PS3. And that brings me to this — does Sony plan to introduce trophy support for PSP titles?

No doubt firmware 5.00 is worthy of a CFW makeover. Lets hang tight and see what happens. In the meantime, if you’re curious about 5.00 — do the upgrade. You can always revert to custom firmware 4.01 M33 using a Pandora Battery and Dark_AleX’s DC7.